I made the poor choice (captain hindsight), to long silver miners (point A) instead adding to some of my fav gold miners (AEM/BTO). My rational behind this was I truly believed that silver had bottomed at the $17 level (which has proved to have been correct so far), and that it would bounce back over $18 in the next few months (which it is still on track for). I...
I'm waiting too see a 1 hour close above this triangle / pennant formation before going long, I can see this next rally surpassing the previous upper trend line.
Aurcana Corporation is a Vancouver-based company whose shares are listed for trading on the TSX Venture Exchange (AUN.V). Aurcana owns the Shafter Project, a silver deposit located in Presidio County, southwest Texas. The Shafter Project was advanced and substantially built prior to being placed on care and maintenance in December, 2013. vimeo.com The...
This is a revision of the previous analysis that I did on Silver. Let me start off by making clear that I am still very much a bull on Silver. The price action looks very impulsive since the start of this year and does not really fit in the price action of the multi year bear market before that point in time. Therefore I revised the wave count to give you some...
Potential long here, however strong bears currently so could well break through and head towards 16 port of area.
Silver seems to be in the final E leg of that 4th wave triangle pattern (ABCDE). I take the surge we saw this Friday to be a B inside an ABC correction. The final C leg can go as low as $18,50, but I do not think it will go that low. Note that the orange in the chart constitutes the highest scale, followed by white and green. Settling above the $20 mark is a...
Silver has managed to cross the bear-market line and it is now also working to break the ICL neutral line. Sustaining above the red level officially put silver in a bull market and it will lead the way for gold into the official bull market. This will lead to a rally in silver. Then one can say that the bull market in precious metals is officially "ON" and say...
XAGUSD (Silver/ US Dollar) it's struggling in a monthly resistance at this moment, overall this pair has been bullish since 2010 so I would like to see it breaking out that resistance, re-testing it and then continuing its' bullish trend. We'll see what happens. Any comments?
Ok I think XAGUSD is going even more up than it already have gone so far. First of all, that inverted head and shoulders which later confirmed a bullish scenario strong enough to return and break into the previous uptrend, so if does a re-test in which I'm expecting to see a morning star then I'd say is a BUY. Any comments?
Buy at support with a tight stop at the low indicated by the arrow. Realistically, I suspect you would take a lot of risk off in the high 20s and let the rest run longer term. FOMC minutes would be the likely catalyst for a move up or down here.
The SOLID GREEN LINE will provide a historical support for SILVER. But also if you see the SOLID BALCK LINE around $30 may act as a resistance line. Also the DOTTED GREEN AND RED line is a possible channel trading in coming days/months. Silver is a overall BUY for next few months.
Dear Community, today we are presenting you a pretty nice buy setup for Silver, which, in all fairness looks quite promising. However, this is the third take on Silver so we emphasize that there is a chance that we won't get it right this time either - but, third time lucky as they say! Strong Reversal In A Bulish Market The direction has been bullish all the...
Mkt in bullish trend. As long as bulls hold above the 14.80 invalidation area expectation is a test of 18.25 resistance zone. Mkt is currently retracing towards 16.00 broken resistance zone which is likely to now become support. A bullish trend continuation setup is forming offering traders a 1.5:1 reward to risk if entering long at beginning of support...
$AG and $SLV are doing excellent. $GPL is currently the weakest performer of this up-trend. But, look at this rocket ship. Been unloading on the rallies and re-loading on the dips. Might be time to start scaling out soon.
#SILVER Expose a Up trend, in Weekly and monthly charts. I espect the break up and the new high income. $18.200 Target #1 $18.500Target #2
Silver is trying to break above the Inverse S/H/S bottoms neckline near 18.00 and more importantly above resistance at 18.51. If the later is broken too, then a rally towards the measured S/H/S target at 22.94 should be expected as a minimum, but this rally could easily extend higher towards 25.10. The Inverse S/H/S neckline at 18.00 will now shift from...
Eliott Wave Entering wave 3 or wave 5 of the complete basic wave pattern Silver Hello good afternoon traders, i used the Fibonacci retracement tool to help me understand the retracements on this chart. After Wave 2, the Market continued to sell. Wave 2 ( a corrective structure ) is correcting Wave 1 and the Fibonacci retracement shows that clearly. It...